Gcm Resources Share Discussion Threads

[warmsun] 16/10/2017 14:36

Appointment of Nominated Adviser and Broker


Further to the Exchange's announcement of 10 October 2017 and the Company's announcement of 11 October 2017 regarding the pending removal of ZAI Corporate Finance Limited from the register of nominated advisers, the Company wishes to announce it has appointed Northland Capital Partners Limited ("Northland") as its nominated adviser and broker. Given the particular circumstances, the Exchange has agreed that Northland has until 5pm 19 December 2017 to finalise its due diligence and provide all relevant nominated adviser confirmations to the Exchange.

There can be no guarantee that Northland will be able to satisfactorily conclude its due diligence by 5pm 19 December 2017 or provide the relevant declaration to the Exchange. Accordingly, in such circumstances there is a risk that the Company's AIM securities will be suspended from trading on the Exchange on or before 5pm on 19 December 2017 pursuant to AIM Rule 1. If within one month of that suspension, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of due diligence obligations at engagement, Northland will continue to be subject to all the ongoing nominated adviser responsibilities under the AIM Rules for Nominated Advisers.

The Company and Northland are determined to complete the due diligence process within the time frame that has been specified by AIM and shareholders will be advised once the process has been completed and relevant nominated adviser confirmations to the Exchange have been made.

[warmsun] 16/10/2017 14:29

possible new nomad :)

[baxtea1] 16/10/2017 10:20

Posted on Friday exactly how this will play out. Mark my words

[tez123] 16/10/2017 08:06

Lock in time!!

[baxtea1] 16/10/2017 07:24

Hopefully before Thursday morning.

[legionnaire2] 15/10/2017 20:03

750,000 traded on Friday including NEX.
Hopefully news next week on the nomad...

[legionnaire2] 13/10/2017 13:20

540,000 traded including NEX.
41.70 paid.

[al h] 13/10/2017 13:16

LOL. Monkeys have probably been reading the LSE idiots board and thought they'd play the ramping clowns for the mugs they are ... laughing all the way to the bank in the process as they flush them out next week when the suspension kicks in.

Funny thing with the die hard rampers is the more people bash the more they buy ... just to teach the bashers a damn good lesson ... always worth a chuckle when they get shafted and exit left ... walking funny as they go.

[double double] 13/10/2017 13:05

I think you are right.

[baxtea1] 13/10/2017 13:00

Right, this will go down well, lol.

Its a sucker rally

Ramp up the share price prior to nomad announcement
Spike it on rns news of new nomad

Then it drops like a stone back to low 30’s locking in the latest batch of lemmings.

[warmsun] 13/10/2017 12:53

there wasn't a nomad problem this time last week, yet we weren't sitting at 41p middle....no idea what is going on (good or bad!)

[baxtea1] 13/10/2017 12:39

Guessing the nomad may have been sorted

[legionnaire2] 13/10/2017 12:36

41 paid...

[orchestralis] 13/10/2017 12:26

Some stirring?

[al h] 13/10/2017 11:52

So long as ol fatty sits on her throne this is going nowhere. The Banglas are more enviro friendly than you think so as time moves on and the World increasingly rejects dirty fuels the chances of this happening get less and less. Don't let those pound signs flashing in the eyes cloud your judgement.

[baxtea1] 13/10/2017 10:50

Over the past decade. My realistic viewpoints v lse mindless misleading ramping

Share price shows who’s been right eh!

[baxtea1] 13/10/2017 10:46

Hows that any of your business?

[divinessence] 13/10/2017 10:28

baxtea1 have you sold? If not then why?

[baxtea1] 13/10/2017 10:12

Only 4 working days left to sort out nomad before suspension so I’d be a bit careful!